Listing ID: 202104388
Price: $2,400,000
Status: Active
Address: 1 Quail Creek Cir 1, 2 & 3
Unit Number: 1, 2 & 3
City: North Liberty
State: Iowa
Postal Code: 52217
SqFt: 17,162
Acres: 2.670
County: Johnson
North Liberty
IA
52217
This property is priced at a Cook Appraisal price from 5/4/2020 at $2,400,000. The size, including the second-floor conference room, is 17,162 SF. This represents a Capitalization Rate of return of 8.7% if the building is assumed to be full at current market rates. 1/3 of the building is vacant and is ready for a new tenant, or an owner occupant as the existing long-term tenant just relocated. The market rent is a very competitive rate of $20 per foot per year full service, including taxes, insurance, CAM and utilities. That rate approximates a NNN lease rate of $12.56. See Pro-Forma in Associated Documents.
Basic Features
Listing Price:
$2,400,000
Address:
1 Quail Creek Cir 1, 2 & 3
Unit Number:
1, 2 & 3
City:
North Liberty
State:
Iowa
Postal Code:
52217
County:
Johnson
Zoning:
C 1 B
Area:
NW Quadrant
Year Built:
1991
Location:
Freestanding, Office Center
Business:
Educational, Medical Dental, Office Building, Retail Store, Wholesale, Other
Square Feet:
10, 000-20, 000 SqFt
Acres:
2.670
Lot Size:
2-5 Acres
Sale/Lease:
For Sale
Rent/Lease:
neither
Type of Lease:
NA
Rent/Lease Price:
$2,400,000
Days on Market:
12
Status:
Active
Documents:
Aerial Photo, Other Documents Available
Possession:
Negotiable
Possible Financing:
Cash, Conventional
Additional Features
Associated Document Count:
4
CI Features:
Display Window, Other
Construction Company:
Frame
Utilities Available:
Cable TV, Electricity, Natural Gas, Sewer, Water-City
Cooling:
Central A/C
Heating:
Gas, Forced Air
Floor Type:
Carpet, Ceramic Tile, Vinyl/Vinyl Tile
Gross Tax (County & City):
61650
Lot Dimensions:
Irregular
Property Sub Type:
Commercial
Roof Type:
Composition
Special Features:
None
Tax ID:
0613304001
Tax Year Report:
2019
Variable Rate:
no
Road Frontage:
County/City Road, Pavement
Zoning Info
© 2022 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Jeff Edberg of Lepic-Kroeger, REALTORS
Information deemed reliable, but not guaranteed
Listing courtesy of Jeff Edberg of Lepic-Kroeger, REALTORS
Contact - Listing ID 202104388
Jeff Edberg
2346 Mormon Trek Blvd, Ste #2000
Iowa City, IA 52246
Phone: 319-331-6187
Phone Alt: 319-331-6187
Data services provided by IDX Broker
